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Politics Where we learn not to think less of others who don't share our views |
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#1 | |||||||||
Lecturer
Join Date: Sep 2009
Posts: 796
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FHA loan buying FAMOUSLY was loosened up to promote home ownership, loan regulations forced banks into accepting applications for loans that NEVER should have been accepted - but now the gov't made it profitable to accept them, and they got sued if they did not. Meanwhile, on Wall St., the ridiculous derivatives market, which is more gambling that anything in Las Vegas, was allowed to speculate with Billions of dollars, and subsequently sold, all around the world! When I saw the loan applications for a home buyer, I was speechless at the obvious misrepresentations being made. But the gov't had a program to buy those loans, just that way, and you were in trouble if you failed to do so - so everyone got in line, and everyone made money. And like most things that the gov't interferes with, it came crashing back down to earth, in a burning heap of shit. Barney Franks, and those other idiots, know next to NOTHING about how to run a business. How can they possibly make good laws for it? Obama is in the same boat - never ran so much as a lemonade stand. Out of his entire cabinet, only a few had business experience. Quote:
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No, you haven't. If you did, you would know that a Muslim is given privileges which non-Muslims are not allowed - like serving in the Army, for instance. A higher tax bracket (way higher), as well. Access to the courts, etc. You can call it "Religious Aristocracy" or whatever, but at it's root, it's a form of Fascism. Muslim > Christian > Infidel > pig > Jew is how the Saudi Textbook put it, iirc. Tax cuts: True, according to government figures. If you have contrary evidence, I've asked you to post it. Crickets from you on supporting that argument, however. Quote:
No, George Jr. is not well liked among conservatives, for starting the Iraq war, and his out of control spending in general - but he is well liked for the tax cuts he passed. Those were significant. Quote:
For the national debt figures, you'd have to look at the footer to see what dollar year they were representing. Quote:
Yes, Clinton was generally well liked by conservatives, on business policies. Quote:
With Reagan though, you knew it was going to work. You had confidence in his plans, because he spoke plainly about his philosophy of conservative government. Even people who didn't like him, knew his policies would work - damnit! ![]() I don't care if Obama is a Muslim. (And no, I don't believe he is a Muslim.) I would not support a candidate, because of his religion, or because he was an atheist. He's running for President, not to be a preacher, priest, or Iman. This year, I'd prefer Obama run for Dog Catcher, however. Just because his policies have failed over the last 3 1/2 years. It's clear that Obama and his Cabinet, don't know enough about business, to develop policies that will help us recover. That's just the plain truth. And that's the plain reason, I want him out of the White House! Yeah!!! << Go Mitt and Paul!! >> ![]() |
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#2 | ||
I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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Banks lied in order to make their loans look "just that way". Amazingly, the lies turned out not to be true. If only there had been less regulation, maybe they could have lied better.
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_________________ |...............| We live in the nick of times. | Len 17, Wid 3 | |_______________| [pics] |
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#3 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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That reality is only disputed by wacko extremist talk show hosts and their disciples. I will not even try to list the details. Reams of previous posts here have described the corruption created by reducing regulation to enrich finance people. A corrupt admniistration literally permitted corrupt finance people to steal money from most all Americans. Only a fool sees everything in terms or more regulation or less regulation. In some industries, little regulation makes a stronger America. In other industries (ie finance), we cannot regulate it enough to make a stronger American economy. That contradicts the broad paint brush (deregulation) advocated by extremist rhetoric. Is probably too complex for their extremist disciples (ie Tea Party) who need every answer in a soundbyte or 'liberal verses conservative' rhetoric. A simple rule. A finance guy should be paid same as an equivalent worker in any utility. A stock broker or investment banker only does what an electric, gas, or water company employee does. Move money, electriciity, gas, or water. Nothing in finance creates jobs. But when we overpay a water company or finance company employee, then productive jobs are subverted or destroyed. Again, posted examples are longer than this entire thread. But that should have been obvious if ignoring extremist talk show hosts. Did talk shows mention these realities? Of course not. They know where their money comes from. Better is to enrich at the expense of America. How curious. Exactly what happened during George Jr's tenure. Government removed or even subverted regulation to all but print money using CDOs, SIVs, and other derivatives. But again, all this was explained here previously and in great detail. How uninformed were George Jr people? As the American economy was going over a cliff, where were any of George Jr's extremists? All were silent. Or did the moderates (Paulson, Bernake, etc) tell the wackos to shut up? George Jr had no idea what was happening. In a crisis meeting, he literally lost control and just walked out. His own people even yelling and accusing in panic. George Jr would make public statements saying our economy was sound. When at one point we were hours away from a meltdown that would have created 40% unemployment. Or did extremist talk show hosts forget to discuss this? So after George Jr walked out and John McCain demonstrated no grasp of the problem, then who took over the meeting? Obama. Only he had been properly informed and understood the ongoing catastrophy on Wall Street. But again, did extremist talk show host forget to discuss that meeting? The people in government who created this crisis by enriching Wall Street had no idea how bad they were making things even back in 2002. And had no idea what to do. Because they were not moderates. A wacko extremist without a soundbyte is powerless; is left to confront reality. This recession obviously was created when wacko extremists removed or subverted finance industry regulations. If your sources were honest, then you knew $0.55 trillion back then is more than $1.3 trillion today. That is the point. You keep posting half truths promoted by extremist talk show hosts. Do not even know who intentionally created this recession using blantant fiscal mismanagement and subverting regulations. Last edited by tw; 10-06-2012 at 09:40 PM. |
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#4 | |
Lecturer
Join Date: Sep 2009
Posts: 796
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And the wacko extremists were -- drum roll please -- the Dods Franks Bill, and other laws like it, that was signed into law by idiots in Washington, to promote home ownership for people who could NOT afford it, and then promoted derivatives which basically were gambling on whether the homeowner would go into default, or not. There were BILLIONS of dollars made on these finance instruments, as they were sold for a profit, all around the world, in huge bundles. Everybody made money at first - the Real Estate Agent, the Appraiser, the Bank or Savings and Loan, the Wall St. firm like Goldman Sachs, that bundled them up into large groups, and sold them world-wide. The politicians loved it because it induced people to vote for, and support them. Like Socialism itself, it all looked GLORIOUS - until the reality of the situation caused the money to start drying up, and people started defaulting. Like a house of cards, it all came crashing back down. |
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#5 |
Lecturer
Join Date: Sep 2009
Posts: 796
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I'm in favor of early term abortions, if that is what the mother chooses. But late term abortions are clearly done after the fetus has become a fully aware individual. Really ugly.
Partial birth abortions are the worst of the lot. Here an infant is almost fully born - it's head is out of the birth canal. Then the "doctor" kills the baby by destroying the infant's brain, (usually by sucking out the brain), and finishes delivering the infant. Then tossing it's dead body into the medical waste bin, to be disposed of. ![]() ![]() ![]() This is what Barrack has voted in favor of, and of course, it was kept quiet by nearly all the media. His so-called church, by the way, approves of this practice, as a member of the World Council of Churches. I wonder how many of the regulars here, can support this practice of Partial Birth Abortion? Don't you wonder that Obama supports it? Not only is it SO close to murder it's ridiculous, but it's the ugliest thing I can imagine. That baby could be adopted if the mother or father didn't want it! Mitt Romney will NEVER support Partial Birth Abortion. Frankly, I'm shocked that anyone does. You watch a video of it, and you will be SICK SICK SICK. |
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#6 |
Master Dwellar
Join Date: Oct 2006
Location: Los Angeles, CA
Posts: 4,412
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I agree. The last thing we need is more tea-party members.
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Laugh and the world laughs with you; cry and the world laughs AT you. |
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#7 |
Lecturer
Join Date: Sep 2009
Posts: 796
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We'd be happy to have some of the unwashed anarchists from Occupy! spend some time around your house instead, what do you say?
![]() If you actually READ the Declaration of Independence, and other documents our founding fathers wrote, you get a real feel for just how smart they were. |
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#8 | |
Master Dwellar
Join Date: Oct 2006
Location: Los Angeles, CA
Posts: 4,412
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I have read the Declaration and the constitution several times. The founding fathers were extremely smart FOR THEIR TIME. Times have changed and things are not the same as back then. Do you think people from 250 years before the founding fathers would have been ready for the ideas the founding fathers came up with?
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Laugh and the world laughs with you; cry and the world laughs AT you. |
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